Support - $50.73 (rising trend line – black), $49.82, $48.62
Brent’s daily closing back above rising trend line – black indicates a temporary bottom is in place at $46.92 and prices could move higher to $52.43 - $52.83 levels if today’s closing is above rising trend line – black as well.
On the other hand, repeated failure to take out $50.89 followed by a hourly closing below $50.73 would open doors for a re-test of $50 - $49.82 levels.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.